Cannondale, CT
Population 677 · Connecticut
About Cannondale, CT
Cannondale is a small community located in Connecticut with a population of 677 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 46.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cannondale features a median home value of $1,892,900, which is 673% above the national median of $244,900. This places Cannondale in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 128 total housing units, 89% are owner-occupied (86 units) and 11% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cannondale shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cannondale have an average one-way commute time of 37.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
67.5% of Cannondale residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.1% White, 0.6% Hispanic or Latino, 6.5% Black or African American, and 0.6% Asian residents, with 27.5% of the population being foreign-born.
How Cannondale Ranks in Connecticut
Cost of Living in Cannondale, CT
Compared to national averages, Cannondale has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,892,900, which is 673% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Connecticut, Cannondale's income is 103% above the state average of $123,065, and home values are 266% above the state median of $516,920.
Why Live in Cannondale, CT?
Cannondale offers a strong local economy with a median household income of $250,001, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 67.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,892,900. However, Cannondale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cannondale has a population of 677 with a median age of 46.1 years. Compare Cannondale with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Cannondale
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Candlewood Orchards | 683 | $120,469 | $368,000 | Compare |
| Murray | 688 | $250,001 | $970,800 | Compare |
| Gaylordsville | 659 | $115,398 | $467,500 | Compare |
| Botsford | 702 | $205,469 | $525,000 | Compare |
| Lakeville | 641 | $95,156 | $822,200 | Compare |
| Plattsville | 742 | $164,219 | $603,700 | Compare |
| Norfolk | 608 | $85,313 | $325,000 | Compare |
| Bantam | 762 | $51,406 | $292,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cannondale With Other Cities
Frequently Asked Questions about Cannondale
What is the population of Cannondale, CT?
The population of Cannondale, CT is 677 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Connecticut.
What is the median household income in Cannondale?
The median household income in Cannondale, CT is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Cannondale?
The median home value in Cannondale, CT is $1,892,900, which is 673% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cannondale?
The median monthly rent in Cannondale, CT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Cannondale?
The unemployment rate in Cannondale, CT is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cannondale, CT a good place to live?
Cannondale offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 677 and a median age of 46.1, the city appeals to established professionals and retirees.
How educated is Cannondale, CT?
67.5% of residents in Cannondale aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cannondale?
Key cost-of-living indicators for Cannondale, CT: median home value is $1,892,900 (673% above national), median rent is $0/month, and median household income is $250,001. The home-value-to-income ratio is 7.6x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Cannondale?
The poverty rate in Cannondale, CT is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cannondale, CT?
Cannondale's population is 0.1% White, 0.6% Hispanic or Latino, 6.5% Black or African American, 0.6% Asian, and 0.9% two or more races. 27.5% of residents are foreign-born.